Author: Alex

Alex here with this week’s Macro Musings. As always, if you come across something cool during the week, shoot me an email at [email protected] and I’ll share it with the group. Check out our H2 hedge fund letters here. Recent […]

There’s two types of market returns. Alpha and beta. Beta is what you get for diversifying and passively holding the market. Alpha is the opposite. It requires an edge, of which there are three: informational, analytical, and behavioral. Check out […]

February volatility has clearly signaled a regime change. We’re no longer in a market that rewards ‘hodlers’ to think less and hold more. It’s a traders market now. The S&P finally snapped that ridiculous no pullback streak we’ve all been […]

Tyler here with this week’s Macro Musings. Article I’m reading — Last week Alex talked about the developing weakness in the Li Keqiang Index and what that means for the macro environment in the months ahead. Check out our H2 […]

Tyler here with this week’s Macro Musings. Macro volatility continues to rage on. Fed chair Powell has a tough job ahead of him. If he makes one wrong move, the bond/stock bubble will burst and ruin all the passive ‘hodlers’ […]

Let me share one of my favorite trading quotes with you, it’s from Market Wizard Bruce Kovner. He said (emphasis mine): One of the jobs of a good trader is to imagine alternative scenarios. I try to form many different […]

Alex here with this week’s Macro Musings. As always, if you come across something cool during the week, shoot me an email at [email protected] and I’ll share it with the group. Check out our H2 hedge fund letters here. [REITs] […]

The following is an excerpt from Barton Bigg’s book, Hedgehogging, where he relates a conversation with “Tim”, a successful macro investor (emphasis mine). [soros] Hedgehogging by Barton Biggs Tim works out of a quiet, spacious office filled with antique furniture, […]

The following is straight from Operator Kean, a member of the Macro Ops Collective. To contact Kean, visit his website here. In the first and second articles of this 3-part series, we covered the philosophy and the investment principles and […]

Most famous fund failures have leverage at their core. That’s the true culprit for disaster — not the actual trade ideas. Bad position sizing kills. Long Term Capital Management’s strategy involved scanning the world for bond spreads that diverged from […]